Westwood Global Investments LLC Position in Itau Unibanco (ITUB) Lifted as Share Price Rose

Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

Westwood Global Investments Llc increased its stake in Itau Unibanco (ITUB) by 40.37% based on its latest 2018Q4 regulatory filing with the SEC. Westwood Global Investments Llc bought 11.45 million shares as the company’s stock rose 1.51% with the market. The institutional investor held 39.81M shares of the major banks company at the end of 2018Q4, valued at $423.60 million, up from 28.36 million at the end of the previous reported quarter. Westwood Global Investments Llc who had been investing in Itau Unibanco for a number of months, seems to be bullish on the $85.60B market cap company. The stock increased 0.31% or $0.03 during the last trading session, reaching $9.58. About 20.29 million shares traded or 9.56% up from the average. Itaú Unibanco Holding S.A. (NYSE:ITUB) has declined 8.26% since March 17, 2018 and is downtrending. It has underperformed by 12.63% the S&P500.

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